The Hong Kong banking system gets a downgrade from Moody's which lowers the outlook on 8 banks...

The Hong Kong banking system gets a downgrade from Moody's which lowers the outlook on 8 banks to negative from stable and one bank to stable from positive. Noted are concerns over persistent negative real intrest rates, the resultant property bubble, and growing exposure to Mainland China. EWH-1.8% premarket.